Resolve The Credit Crisis NOW
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All Comments (102)
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This is ridiculous. None of the unemployed would qualify to refinance their house, so they lose it. It's sets an artificially low interest rate which keeps housing prices too high. How in the world are real--estate prices going to drop so we can go back to conventional mortgages with mandatory 4% interest rates?
Then you want permanent price fixing? You are aware that this will cause shortages right? Banks need to stop lending consumptive credit in the first place (except autos and homes).
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Corret, but Congress has the power to abolish it, highly unlikely. Also, FRN's are private credit form the FED, plus, every dollar already has a fist lien placed on them, crazy. "money" is not what you think it is.
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Haven't seen the mainstream media discuss the problems with commercial real estate yet. That is the next bubble to burst.
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Some great ideas here.
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KD's plan is very rational, reasonable, and moderate, which are the main reasons no one in government, banking, or Wall Street will take the advice.
He should add point 11: bribe public officials.
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I hope some media source takes you up on the chance to promote these ideas. Everything you said indicates a use of prudent common sense--imagine that! Until we truly clean up the messes made by speculators, etc. and get back to conservative, realistic, and logical lending practices which have consequences for banks who make bad decisions, the change that is needed in the housing market will never come to fruition. Go Karl, Go!
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The Government is the one that is the biggest borrower. Why don't you tell America the TRUTH, The Federal Reserve is a PRIVATE BANK ?
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Your aggressive rejection of published reports which debunk your fantasies is impressive.
Democrats & Immaculate Ignorance -- Life Partners
Let the banks fail!!!!!!!!!!!
mejt223 2 years ago 7
this dude is smart. Why can't we have smart people in charge of stuff instead of evil people?
curtishawkley 2 years ago 5